• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Do Kwon's Extradition: The US Wins the Battle for the Terraform Labs Co-Founder

user avatar

by Giorgi Kostiuk

3 months ago


Montenegro officially extradited Do Kwon, co-founder of Terraform Labs, to the United States, marking the end of a year-long legal battle between South Korea and the US.

The Extradition Details

On December 31, 2024, Montenegrin police handed Do Kwon over to FBI officers at the Podgorica Airport. Prime Minister Milojko Spajić confirmed the transfer, stating that Kwon would face charges in the United States. This decision followed Justice Minister Bojan Božović's rejection of South Korea's extradition request.

Legal Battles and the Terra/Luna Collapse

Do Kwon's troubles began with the collapse of the TerraUSD stablecoin and its sister token Luna in May 2022, sparking global outcry and leading to charges of fraud and market manipulation by authorities in the US and South Korea.

Arrest and Prolonged Legal Saga

After months in hiding, Kwon was arrested in Montenegro in March 2023 for attempting to travel with forged passports. Montenegrin courts deliberated on the case for over a year. Eventually, Montenegro prioritized the US extradition request.

The extradition of Do Kwon marks a significant milestone in international cooperation on extradition and justice, underscoring the importance of global efforts in combating financial crimes.

0

Share

Other news

Michael Saylor: BlackRock IBIT Could Become the Largest ETF in the World

Michael Saylor predicts BlackRock's Bitcoin ETF will rank first among ETFs within ten years.

user avatarGiorgi Kostiuk

5 minutes ago

DeFi Development Corp Plans to Raise $1 Billion for Solana Token Purchases

DeFi Development Corp files with SEC to raise $1 billion targeting an increase in its Solana token holdings.

user avatarGiorgi Kostiuk

6 minutes ago

Raphael Coin Unveils Tokenized Renaissance Piece: A New Era for Art

Raphael Coin has launched the token 'Recto: Study for the Battle of the Milvian Bridge', offering fractional ownership of a Renaissance artwork.

user avatarGiorgi Kostiuk

6 minutes ago

MAGACOINFINANCE: New Opportunities and Growth Predictions

Analysis of the growing interest in MAGACOINFINANCE and the opportunities it offers against other cryptocurrencies.

user avatarGiorgi Kostiuk

8 minutes ago

Altcoin Market Overview: Shiba Inu, Hedera, and Emerging Player Web3 ai

Examining the current state of Shiba Inu and Hedera altcoins, along with the prospects of Web3 ai amidst market changes.

user avatarGiorgi Kostiuk

41 minutes ago

Troller Cat: A New Hope in the Meme Coin Market

Troller Cat may become the next successful meme coin amid the growing popularity of meme culture in the crypto industry.

user avatarGiorgi Kostiuk

42 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.